XAUUSD Strategy: Is Gold Poised for More Gains?
Updated
Hello everyone, let’s continue planning our strategy with XAUUSD today!
Currently, gold is showing a slight recovery on the short-term analysis chart, trading around the resistance level of $2,634 USD, with a few key highlights to note:
Trend Analysis: The price is moving above the EMA 34 and EMA 89, with the EMAs reversing direction, signaling a bullish recovery and short-term upward correction.
After breaking out of the descending price channel, gold has immediately tested the $2,630 USD resistance. If this level is breached, the next target is $2,650 USD. Alternatively, $2,620 USD appears to be a promising buy zone for traders following price action strategies.
So far, gold has gained nearly 100 PIPs, reflecting the return of bullish momentum. Therefore, the current short-term outlook favors buying opportunities.
What about you? What’s your take on today’s trend and gold’s outlook for 2025? Should we continue buying gold? Share your thoughts in the comments!
Currently, gold is showing a slight recovery on the short-term analysis chart, trading around the resistance level of $2,634 USD, with a few key highlights to note:
Trend Analysis: The price is moving above the EMA 34 and EMA 89, with the EMAs reversing direction, signaling a bullish recovery and short-term upward correction.
After breaking out of the descending price channel, gold has immediately tested the $2,630 USD resistance. If this level is breached, the next target is $2,650 USD. Alternatively, $2,620 USD appears to be a promising buy zone for traders following price action strategies.
So far, gold has gained nearly 100 PIPs, reflecting the return of bullish momentum. Therefore, the current short-term outlook favors buying opportunities.
What about you? What’s your take on today’s trend and gold’s outlook for 2025? Should we continue buying gold? Share your thoughts in the comments!
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